In 2016, the global telecom order management market was worth US$1.91 bn. Expanding at a healthy CAGR of 8.80% between 2017 and 2025, the opportunity in this market is likely to reach US$4.05 bn by the end of 2025.
Albany, NY -- (SBWIRE) -- 03/29/2018 -- Due to the constant advancements in telecom technology, the consumer-oriented services are improving rapidly. The increasing alliance of services that network operators and telecom service providers are offering, is fueling the demand for telecom order management solutions across the world. Recently, a fresh study titled "Telecom Order Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025" has been added to the wide database of Market Research Hub (MRH), ) that provides detailed analysis of historical trends and forecasts from 2017 to 2025 of global telecom order management market. As per the recent findings, the opportunity in this market is likely to reach US$4.05 bn by the end of 2025.
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This 212-page report offers in-depth analysis of all the key factors that are influencing the telecom order management market. Readers can expect a holistic analysis of the drivers, restraints, opportunities, and threats influencing the global market. The 'market dynamics' section of the report offers valuable qualitative insights that can help stakeholders gain a stronger understanding of the global market in detail. Some of the major insights from the report are given below:
- As per the analyst's evaluations, the market will surely rise at a CAGR of 8.80% during the period from 2017 to 2025. The rising number of connected devices across the world, coupled with a surge in order management complexities, is fueling the demand for effective telecom order management solutions, reflecting greatly on the market's growth.
- On the basis of geography, the worldwide market is led by North America. Followed closely by Europe, this regional market is likely to remain on the leading position in the years to come. One of the major factors behind this regional growth is the rising awareness regarding the benefits that telecom order management solutions offer, such as the aid in timely order fulfillment required for early revenue realization and the improvement in end user satisfaction.
- Moreover, in a bid to offer detailed insights and analysis, the report offers segment-wise analysis and insights. Segment-wise analysis helps readers in understanding the lucrative and sluggish areas of growth. The report has divided the global telecom operator management market into the type of the deployment, and component. By deployment type, the market is segmented into on-premise deployment and cloud-based deployment. Based on the component, the market is divided into solution and services. Currently, the solution segment is dominating with the highest share.
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In the final section of the report, a competitive landscape analysis is presented based on relative positioning of the market participants in the global telecom order management market. Prime players are ChikPea Inc., Ericsson AB, IBM Corporation, Amdocs Corporation, Cerillion PLC, Fujitsu Limited, Neustar, Inc., Pegasystems Inc, Comarch SA, and Oracle Corporation.
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